Goodwill

RECENT NEWS
New York Times  2 hrs ago  Comment 
An unusually high number of fraudulent purchases tied to cards used at its thrift stores led authorities to contact Goodwill on Friday about a possible data breach.
newratings.com  Jul 14  Comment 
WASHINGTON (dpa-AFX) - Leggett & Platt Inc. (LEG) said Monday that it expects to record a $108 million pre-tax, non-cash goodwill impairment charge for the second quarter to reflect the complete write off of the goodwill associated with the Store...
Forbes  Jun 13  Comment 
The IRS does not like the concept of "personal goodwill", but courts have often approved it.  In the Tax Court decision in the case of Bross Trucking, the concept was confirmed again, helping to save the taxpayer from what appears to me to be a...
Cloud Computing  Apr 30  Comment 
SILICON SLOPES, UT--(Marketwired - April 30, 2014) - Today Domo announced that Goodwill Industries of Central Indiana, one of the largest Goodwill branches in the nation, has implemented Domo's executive management platform to streamline its data,...
Reuters  Mar 20  Comment 
Kurdistan will export 100,000 barrels of oil per day through the Iraqi pipeline network from April 1 as a "gesture of goodwill" while negotiations with Baghdad continue, a statement from the region's prime minister said on Thursday.     
Sydney Morning Herald  Feb 13  Comment 
The managing director of SPC Ardmona says he hopes a recent boost in sales will continue after the company committed to staying in Australia.     




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Goodwill is the premium paid by an acquiring company over and above the acquired company's tangible book value. On a company's balance sheet, goodwill represents the sum of all the premiums the company has paid for all of its acquisitions (although occasionally goodwill from past acquisitions whose value has fallen is written down).

Because tangible book value is equivalent to the replacement cost of a company - IE, what it would cost to buy all the company's properties, buildings, factories, and machines, hire all its workers, etc. - you might think an acquiring company would never pay more than tangible book value. After all, the acquiring company could simply build the acquisition target company from scratch for the price of its tangible book value.

However, most companies have intangible assets - such as relationships with key customers, patents and trademarks, the unique character of its employees, which are not so easily replaced. So, acquiring companies frequently pay more for a company than its tangible book value.

The acquiring company must carry the premium it pays for its acquisition targets above tangible book value as "goodwill".

Goodwill is an intangible asset arising from an acquisition, but not all intangible assets are goodwill - only those a company owns as a result of purchasing other companies. It should be noted that because Goodwill is technically an intangible asset, companies will occasionally lump the two together on the balance sheet, typically as "Goodwill and Intangibles".

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